Canadian National, Amtrak back on track, ending 10-year-long dispute over delays
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Wells Fargo Adds Remittance Function to Mobile Banking App
Wells Fargo says it has brought its international money transfer service to its banking app. ExpressSend Mobile makes Wells Fargo the only major American bank to offer a dedicated mobile remittance…
Turkish Funds With $7.5 Billion Assets Default on Redemptions
Tera Portfoy Yonetimi AS said two of its funds with a combined 366 billion liras ($7.5 billion) in assets failed to meet redemption requests, making it the second Turkish asset manager to announce…
Nobel Laureate Michael Kremer Named Next World Bank Chief Economist
Michael Kremer, 61, won the Nobel Prize in Economic Sciences in 2019 jointly with Esther Duflo and Abhijit Banerjee for their experimental approach to alleviating global poverty.
High fuel prices: Italy largely waives vehicle tax for a year
In Italy too, significantly more has to be paid at petrol stations than in the past. Now, for 2027, the Meloni government is waiving the vehicle tax for many cars and motorcycles.
Fed raises rates by 25 basis points in first hike since July 2023
The widely expected move places the U.S. Federal Reserve's benchmark fed funds rate range at 3.75%-4.0%.